TU FY 2007 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$6.6B	—	$6.3B	—	4.5%
Op. Income	$1.4B	—	$1.5B	—	-2.0%
Gross Margin	66.4%	—	68.4%	—	-2.0pp
Net Margin	13.9%	—	12.9%	—	0.9pp
EPS (Diluted)	$0.69	—	$0.61	—	13.3%
Free Cash Flow	$1.0B	—	$866M	—	18.2%

Revenue Flow

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$2.9B
Operating Expenses	$2.9B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.4B
Interest Income	$27M
Interest Expense	$339M
Other Income/Expenses	-$348M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$171M
Net Income from Continuing Ops	$924M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$919M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$919M
D&A	$1.2B
EBIT	$1.4B
EBITDA	$2.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$2.9B
Operating Expenses	$2.9B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.4B
Interest Income	$27M
Interest Expense	$339M
Other Income/Expenses	-$348M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$171M
Net Income from Continuing Ops	$924M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$919M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$919M
D&A	$1.2B
EBIT	$1.4B
EBITDA	$2.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$919M
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$70M
Deferred Income Tax	$275M
Other Non-Cash Items	-$145M
Change in Working Capital	$18M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	-$6M
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$69M
Common Stock Repurchased	-$548M
Common Dividends Paid	-$384M
Other Financing Activities	-$511.5K
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$1.0B
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$34M
Net Receivables	$608M
Inventory	$178M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$980M
PP&E (Net)	$5.2B
Goodwill	$2.3B
Intangible Assets	$2.9B
Long-Term Investments	$28M
Tax Assets	$0
Other Non-Current Assets	$963M
TOTAL NON-CURRENT ASSETS	$11.4B
TOTAL ASSETS	$12.4B
Account Payables	$1.1B
Short-Term Debt	$4M
Deferred Revenue	$1.2B
Other Current Liabilities	$117M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$766M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$5.4B
TOTAL LIABILITIES	$7.3B
Common Stock	$0
Additional Paid-In Capital	$111M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$76M
Other Equity	$4.0B
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$19M
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$3.4B
Net Debt	$3.4B